OMERS ADMINISTRATION Corp Has $170.11 Million Stock Holdings in Bank of Nova Scotia (The) $BNS

OMERS ADMINISTRATION Corp decreased its stake in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 13.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,303,450 shares of the bank’s stock after selling 362,399 shares during the period. Bank of Nova Scotia makes up 1.2% of OMERS ADMINISTRATION Corp’s portfolio, making the stock its 23rd largest holding. OMERS ADMINISTRATION Corp owned approximately 0.19% of Bank of Nova Scotia worth $170,110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BNS. Mondrian Investment Partners LTD acquired a new stake in shares of Bank of Nova Scotia in the third quarter worth $30,000. Swiss RE Ltd. acquired a new stake in shares of Bank of Nova Scotia in the fourth quarter worth $30,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Bank of Nova Scotia in the fourth quarter worth $34,000. Quarry LP acquired a new stake in shares of Bank of Nova Scotia in the third quarter worth $35,000. Finally, Virtus Advisers LLC acquired a new stake in shares of Bank of Nova Scotia in the third quarter worth $39,000. Institutional investors and hedge funds own 49.13% of the company’s stock.

Analyst Ratings Changes

BNS has been the topic of several research analyst reports. Canaccord Genuity Group downgraded shares of Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Royal Bank Of Canada raised their price objective on shares of Bank of Nova Scotia from $98.00 to $117.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 28th. Weiss Ratings restated a “buy (b)” rating on shares of Bank of Nova Scotia in a research note on Friday, May 22nd. Finally, TD Securities restated a “hold” rating on shares of Bank of Nova Scotia in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of Nova Scotia has an average rating of “Hold” and an average target price of $117.00.

Bank of Nova Scotia Stock Up 0.8%

Shares of BNS stock opened at $84.63 on Tuesday. The stock has a market cap of $103.67 billion, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 1.03 and a beta of 1.12. Bank of Nova Scotia has a one year low of $53.74 and a one year high of $85.07. The stock has a fifty day moving average price of $77.46 and a 200 day moving average price of $74.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.04.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its earnings results on Wednesday, May 27th. The bank reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. The firm had revenue of $7.24 billion during the quarter, compared to analysts’ expectations of $7.13 billion. Bank of Nova Scotia had a return on equity of 13.16% and a net margin of 13.38%.Bank of Nova Scotia’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business earned $1.52 earnings per share. Analysts predict that Bank of Nova Scotia will post 6.05 earnings per share for the current year.

Bank of Nova Scotia Company Profile

Bank of Nova Scotia, commonly known as Scotiabank, is a Canadian multinational banking and financial services company founded in 1832 and headquartered in Toronto, Ontario. It is one of Canada’s largest banks and provides a broad range of financial services to retail, commercial, corporate and institutional clients. The bank combines a domestic Canadian franchise with an extensive international presence to serve customers across multiple markets.

Scotiabank’s core activities include personal and commercial banking, wealth management, corporate and investment banking, capital markets, and global transaction banking.